AI Stocks & Markets

Today's Stories

1. 1

   Palantir releases 9-point manifesto against 'tokenmaxxing', touts AI sovereignty

   Palantir has published a nine-point manifesto criticizing what it calls 'tokenmaxxing' — an approach it views as wasteful — and calling for 'AI sovereignty,' emphasizing data control and independence in artificial intelligence deployment. The manifesto signals Palantir's positioning against prevailing industry approaches to AI development and deployment, suggesting the company believes current practices prioritize scale in ways that do not serve enterprise or government customers well. For organizations relying on data-sensitive operations, this reflects a business argument that localized, controlled AI systems may offer advantages over token-heavy cloud models.

   The manifesto appears designed to differentiate Palantir's product strategy and appeal to customers — particularly in government and regulated sectors — who prioritize data sovereignty and efficiency over the scale-first paradigm the company criticizes.

2. 2

   Palantir CEO attacks token pricing model amid cost surge

   Palantir CEO Alex Karp criticized the token-based pricing used by Anthropic and OpenAI on CNBC, saying "something has gone completely wrong" as AI costs surge. He noted that enterprises are shifting away from what he calls "tokenmaxxing" toward a focus on return on investment, and many are turning to open-weight models (models whose code is publicly available) that can perform similar tasks at a fraction of the price. As AI model costs rise and new versions become more expensive than earlier ones, businesses are reconsidering how they adopt AI. Some are moving toward building their own proprietary tools or using open-weight models instead of relying on expensive commercial AI labs. Karp argues that enterprises want ownership and control—of their compute, models, and data—rather than dependence on third-party AI providers. Chinese AI models are also advancing rapidly, which adds competitive pressure on U.S. labs.

   Palantir announced an expanded partnership with Nvidia to build custom AI models for U.S. government agencies. Karp also released a nine-point manifesto on "AI sovereignty" on X, emphasizing the importance of companies maintaining data ownership and rejecting the token-based business model. Palantir's stock climbed 8% on the day of Karp's remarks.

3. 3

   Meta Stock Trades at 17× Forward Earnings, Cheaper Than S&P 500

   Meta Platforms trades at 17 times forward earnings, significantly below the S&P 500's approximately 21 times forward earnings valuation. The company's revenue rose 33% year over year in the first quarter, driven primarily by advertising on its social media platforms. Wall Street groups Meta with other major AI investors like Alphabet, Microsoft, and Amazon, but the comparison may be misleading. Unlike those peers, Meta uses its AI computing power internally rather than operating a profitable cloud business unit, making it primarily an advertising company that happens to invest heavily in AI. At a low valuation paired with strong ad-driven growth, the stock may be underpriced for long-term investors.

   Meta's smart glasses are positioned as the company's future AI interface—allowing AI to see and analyze the world around users—but current versions are described as only a fraction of what the company hopes to produce. Until those use cases materialize, Meta's near-term value depends almost entirely on advertising revenue growth.

4. 4

   Dow Jones Futures: Meta Jumps But Hits SpaceX, Micron; Tesla, Jobs Report Ahead

   Dow Jones Futures: Meta Jumps But Hits SpaceX, Micron; Tesla, Jobs Report Ahead

5. 5

   Palantir partners with Nvidia on sovereign AI for U.S. government

   Palantir Technologies announced a new partnership with Nvidia to deliver sovereign AI solutions for U.S. government agencies and critical infrastructure operators. The company also expanded its work with Surf Air Mobility to speed up deployment of AI-powered aviation software. The Nvidia deal positions Palantir's platforms (AIP, Foundry, Ontology, and Apollo) as the control layer for sensitive, open-model AI in government and critical infrastructure—sectors where security, auditability, and data sovereignty are essential. This directly competes with large cloud providers like Microsoft, Google, and Amazon in these regulated environments.

   Palantir's stock was trading at $116.67 at the time of announcement, down 30.5% year to date, though up 2.8% over the past week. The Surf Air expansion also signals how the company's tools can power entire operating systems in niche industries like private aviation, rather than just single analytics projects.

6. 6

   Palantir Stock Rises as CEO Attacks AI Token Pricing

   Palantir CEO Alex Karp said on CNBC that companies like OpenAI and Anthropic are charging enterprise customers too much for AI model access through token-based pricing, causing frustration among business leaders. Palantir shares rose about 9% following his comments. Businesses are questioning whether expensive AI tools deliver enough return on investment and want more control over their own computing, models, and data. Karp highlighted open-weight models (publicly available AI systems not owned by a single company) as an option for organizations and government agencies seeking to reduce dependence on closed, expensive systems.

   Palantir recently expanded its partnership with Nvidia to build custom AI models for U.S. government agencies—a model Karp said gives customers ownership of their data stack. Investors will monitor whether the company can convert this demand into stronger government and enterprise revenue growth.